FY2024 EPS Estimates for D.R. Horton, Inc. (NYSE:DHI) Lifted by Wedbush

D.R. Horton, Inc. (NYSE:DHI) – Equities researchers at Wedbush boosted their FY2024 earnings per share estimates for D.R. Horton in a report released on Thursday, April 18th. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $13.87 per share for the year, up from their prior forecast of $13.65. Wedbush has a “Underperform” rating and a $130.00 price objective on the stock. The consensus estimate for D.R. Horton’s current full-year earnings is $14.25 per share. Wedbush also issued estimates for D.R. Horton’s Q3 2025 earnings at $4.11 EPS and Q4 2025 earnings at $4.74 EPS.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the prior year, the company earned $2.73 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year.

A number of other brokerages also recently weighed in on DHI. Raymond James increased their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. The Goldman Sachs Group raised their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada reduced their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Jefferies Financial Group raised their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, BTIG Research reduced their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $148.03 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The firm has a fifty day moving average price of $151.92 and a two-hundred day moving average price of $139.75. The company has a market cap of $49.12 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is 8.17%.

Insider Buying and Selling

In related news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders have sold 27,560 shares of company stock valued at $4,279,636 in the last 90 days. 1.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC bought a new stake in shares of D.R. Horton in the first quarter worth $27,000. Riverview Trust Co bought a new stake in shares of D.R. Horton in the first quarter worth $30,000. BluePath Capital Management LLC bought a new stake in shares of D.R. Horton in the third quarter worth $33,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton in the fourth quarter worth $38,000. Finally, First Pacific Financial bought a new stake in shares of D.R. Horton in the third quarter worth $41,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.